–Budget And Priority Setting-
It is highly recommended for a buyer to set an order of priority for needs when he/she desires to purchase ideal property.
When purchasing a property, buyer must pay the fee charges such as agent commission for agency transaction (3% of sales price plus tax) and registration fee as well as the purchase price. Additionally, you must prepare for the expenses of moving house and others. The sum of such expenses is estimated to be around 10% of the purchase price. We recommend to make a financial planning of the payment amount totalizing the purchase price and all the charges.
All of such elements are essential for purchase decision-making of property, which include its value, location, the distance from the nearest railway station, room area / layout, environment and convenience. We believe it very important for buyer to consider foremost requirements in advance and make clear of the order of priority of needs (requests), in order to find out ideal property under certain budget and time.
Property Visit / On-Site Tour
When buyer has fixed aim of the location, type and budget of real property, we will get started on finding a property for. We recommend making an on-site tour of the property, when buyer has found such a property that will meet requirements. Once you find listings you like, let us go to see them. We make appointment with the owner. This is very important point: without buyer’s visiting of property, seller may not sell property to you to avoid dispute after sales.
When buyer has made a final decision of the property which he/she want to acquire, buyer must make a "Purchase Application" for the property. We will accommodate / confirm the terms and conditions. Once both buyer and seller have agreed to the transaction conditions and then enter into the agreement procedure.
Prior To Agreement:
Explanation Of Important Matters
Before concluding the agreement, buyer must receive the explanation of the important matters by our registered real estate transaction manager, in verbal and in written format. This is usually proceeding just before signing of the agreement. The Important Matters mean the items which are required to be provided for explanation by real estate company for the benefit of its buyer, including such items as the entries on the registry book of the target property, the regulations by the City Planning Law and the Building Standards Law, and regarding the termination of agreement.
Signing Agreement And Down Payment
Purchase agreement shall state clearly the price, area aggregate, delivery date and others of the purchasing property. "List of Fixings" and "Condition Report of the Real Property" are included in the documents which will be provided to the buyer for confirmation purpose at the time of conclusion. These documents are intended to seek the buyer's confirmation of fixings belonged to the purchasing property at the present condition.
Mortgage formal application
In case that the buyer needs to get a housing loan, he /she shall apply for the loan at a banking institution after the conclusion of agreement.There are various loan products. Please consult with us whenever in need.
Settlement And Delivery
Now, we have come to the stage of the payment of remaining balance and the delivery of the property. We will accommodate with the seller and fix the settlement date of the remaining balance. Buyer needs to pay the remaining balance to the seller and at the same time the seller delivers the property, keys and others to the buyer. Registration process of transfer of ownership is usually handled by judicial scriber as buyer's proxy.
Move-In / Move-Out (For Own Use)
When relocating, buyer is required to notify the change of legal certificate of residence, address and others to the related authorities. Additionally, buyer needs to package load and dispose the garbage. For preparation for relocation, the following items are required to notify to the related authorities.